Eyewear group EssilorLuxottica increases sales and profit
Credits: Luxottica Eyewear giant EssilorLuxottica exceeded expectations for operating profit last year. Adjusted operating margin, excluding non-recurring items, increased by 0.5 percentage points to 17 percent, the Franco-Italian company announced Wednesday in Charenton-le-Pont. Analysts had, on average, anticipated slightly lower figures. The group, which owns brands such as Ray-Ban and Oakley, is the global market leader for eyeglasses, sunglasses, and contact lenses. Revenue rose by 4.4 percent to €26.5 billion. Net profit increased by 3 percent to €2.4 billion. The dividend for the past fiscal year is to be set at €3.95 per share. Management aims to increase profitability to 19 to 20 percent in the coming years, through 2026.
Eyewear giant EssilorLuxottica exceeded expectations for operating profit last year.
Adjusted operating margin, excluding non-recurring items, increased by 0.5 percentage points to 17 percent, the Franco-Italian company announced Wednesday in Charenton-le-Pont. Analysts had, on average, anticipated slightly lower figures.
The group, which owns brands such as Ray-Ban and Oakley, is the global market leader for eyeglasses, sunglasses, and contact lenses. Revenue rose by 4.4 percent to €26.5 billion. Net profit increased by 3 percent to €2.4 billion. The dividend for the past fiscal year is to be set at €3.95 per share.
Management aims to increase profitability to 19 to 20 percent in the coming years, through 2026.
